With the Budget coming up next week, new Chancellor Rishi Sunak could be eyeing up inheritance tax as a form of taxation ripe for reform.
The first Budget of a new parliament is historically a time for tax-raising measures. Far enough away from the next election, Chancellors can announce potentially unpopular measures to fill the Treasury coffers and invest more for the future.
The ongoing outbreak of coronavirus may well dent economic prospects for the country, leaving the Chancellor with little choice but to raise taxes or loosen his fiscal rules.
New research published by the Resolution Foundation think tank suggests the Office for Budget Responsibility could forecast a small improvement in the public finances, of around £8bn in 2022/23.